Is Atlanta's Eyes Bigger than its Stomach? (Dallas, Buckhead: condos, new house)

[AnsleyPark]

Originally Posted by BringBackCobain

Yes, but how large is that group? How many complexes can they support? Alpharetta is a jobs center, but are there really enough young professionals that actually want to live in the 30 (and counting) apartment complexes in Alpharetta/Johns Creek? Even Norcross/Peachtree Corners, with its professional jobs base, cannot support the dozen or so apartment complexes in that area, evidenced by the fact that all but one have turned into ghettos. That is likely what will occur in Alpharetta.

Good questions. I'm sure somebody in charge of developing the complexes must have done their homework on these things. Seeing that I hardly ever get up that way nor would pay attention to apartment complex quality when I do, I really cannot comment one way or the other on the quality of the apartment communities. I would think though, that in those relatively affluent areas, that more than one complex is "nice." But, I could certainly be wrong.

[johnatl]

Originally Posted by dleops

Texas took one of GA biggest companies and that had zero to do with natural resources.

And what company would that be?

[Spade]

Originally Posted by waronxmas

In the short term they are good (like next half century or so) but after that they may not be. Dallas has started expanding it's economy to other sectors that aren't tied to a finite resource such as IT and has been for a while now one of the country's big logistical hubs (like Atlanta) so they should be good in the long term. But Houston...they need to figure out another basket to place their eggs.

To be fair. Houston is actually figuring this out and in the long term, they should be fine as well. Growing IT field, fast growing and expanding medical field in already the biggest medical center in the world, and a very important and successful port that handles alot more than just oil and will become even more important once the Panama Canal is done with expansion in 2014. Oil and gas is less than 50% of the cities economy. Which is what it was in the 80s when Houston was going through what Atlanta is going through now. Hell, Houston even lost population for a year because of it.

[waronxmas]

Originally Posted by dleops

Austin has no oil.

When did I say it did?

Besides, you are a bit naive to think that Austin doesn't benefit from that industry being the State capitol...

Originally Posted by dleops

And I would say Atlanta has been knocked to the floor.

How so?

Sure our unemployment has been bad, but that is due mostly to recession itself (the numbers are so hot in 90% of the country) and the types of industries that are big here like construction and the travel industry.

At the same time, the economy here has been growing still and we are still a top relocation spot for corporations. In the last few years we have snagged the HQs for NCR, Sony-Ericsson USA, Porsche USA, ScreenGems Movie studio just to name a few.

And despite bank financing being hard to come by (and this is even true in Texas) for large projects we have started construction on the Beltline, Atlanta street car, and are poised for a regional vote for expanded transit outside the the core of the Metro.

So I am really curious as to how Atlanta has "been knocked down". Once this recession is over things will be back to "normal".

[BringBackCobain]

Atlanta is dead in the water, economically, for the foreseeable future at least. To deny that Atlanta hasn t been devastated by the recession is naive at its best and extreme homerism at its worst. The entire 2000s were a lost decade here.

The one positive I can see is that people may start getting the message that this is not the land of milk and honey, and perhaps even think that moving to this city without a job is not such a great idea afterall.

[arjay57]

Originally Posted by BringBackCobain

Atlanta is dead in the water, economically, for the foreseeable future at least. To deny that Atlanta hasn t been devastated by the recession is naive at its best and extreme homerism at its worst. The entire 2000s were a lost decade here.

The one positive I can see is that people may start getting the message that this is not the land of milk and honey, and perhaps even think that moving to this city without a job is not such a great idea afterall.

BBC, you can''t make the ATL stop being the the black Mecca that easily.

[BringBackCobain]

Originally Posted by arjay57

BBC, you can''t make the ATL stop being the the black Mecca that easily.

Shut up arjay. Stop trying to bring race into it. My comment had nothing to do with that.

[rcsteiner]

Originally Posted by johnatl

Atlanta has not been knocked to the floor. She just got the wind knocked out of her for a minute. We'll be fine. This is one of the most diversified economies in the country, and it's showing.

How is it showing? Not in the unemployment numbers...

[aries4118]

Originally Posted by arjay57

BBC, you can''t make the ATL stop being the the black Mecca that easily.

[DTL3000]

Originally Posted by BringBackCobain

Shut up arjay. Stop trying to bring race into it. My comment had nothing to do with that.

Sense of humor?

FAIL